Overview
What is American Automotive Leasing Association?
The American Automotive Leasing Association is a nonprofit organization situated in Owings, Maryland. Their primary focus lies in addressing tax-related matters within the automotive leasing sector, specifically bonus depreciation, tax credits for alternative fueled vehicles, and lease depreciation. Their mission is to educate and inform their dues-paying members about the automotive leasing industry, as well as engage in permissible legislative activities that align with the common interests of their members. This proactive approach enables the association to monitor and benefit the automotive leasing industry as a whole.
Official website here: www.aalafleet.com
Is American Automotive Leasing Association legitimate?
American Automotive Leasing Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Automotive Leasing Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.aalafleet.com
What is the mission statement of American Automotive Leasing Association?
The American Automotive Leasing Association's mission is centered around informing, educating, and monitoring the automotive leasing industry. This is primarily done for the benefit of its dues-paying members. Additionally, the association engages in permissible legislative activities that align with the common business interests of its members. The organization's activities often involve addressing tax-related issues, such as bonus depreciation, tax credits for alternative fueled vehicles, and lease depreciation.
Official website here: www.aalafleet.com
Who is the CEO of American Automotive Leasing Association?
Mike Joyce is the Principal Officer of American Automotive Leasing Association.
Official website here: www.aalafleet.com
What is the revenue of American Automotive Leasing Association?
American Automotive Leasing Association's revenue in 2022 was $656,599.
Official website here: www.aalafleet.com
Who are the executives of American Automotive Leasing Association and what are their salaries?
Here are 20 key members and their salaries:
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Official website here: www.aalafleet.com
Where can I find the form 990 for American Automotive Leasing Association?
American Automotive Leasing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aalafleet.com
Learn more at the official website: www.aalafleet.com
Mission Statement of American Automotive Leasing Association
The American Automotive Leasing Association, an organization primarily serving its dues-paying members, is dedicated to informing, educating, and monitoring the automotive leasing industry. This mission is aimed at benefiting its members directly, ensuring they stay updated on industry-related matters and can engage in permissible legislative activities that align with their common business interests. The association actively engages in tax-related issues, advocating for bonuses on depreciation, tax credits for alternative fueled vehicles, and lease depreciation, all with the aim of supporting and promoting the interests of its members within the automotive leasing industry.
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Impact
October, 2024
The American Automotive Leasing Association plays a pivotal role in shaping the automotive leasing industry, primarily by informing, educating, and monitoring trends and practices that impact its members. By focusing on critical tax-related issues, such as bonus depreciation, tax credits for alternative fuel vehicles, and lease depreciation, the Association helps its members navigate complex financial landscapes, ultimately enhancing their operational efficiency and profitability.
Through advocacy efforts, the Association engages in legislative activities that align with the common business interests of its members. This not only fosters a stronger, more cohesive industry environment but also ensures that lease-originating businesses are well-represented in discussions that affect their practices and regulations. By promoting dialogue and education around the automotive leasing sector, the Association contributes to industry growth and innovation, positioning its members to better adapt to market changes and consumer demands.
The American Automotive Leasing Association’s commitment to the industry's future strengthens the overall leasing framework, ensuring that its members can continue to thrive and meet the evolving needs of consumers and businesses alike.
This information is meant to be a general summary of American Automotive Leasing Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $599
- Program Service Revenue: $656,000
- Gross Receipts: $656,599
Assets and Liabilities:
- Total Assets: $1,021,835
- Total Liabilities: $83,443
- Net Assets: $938,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$656,000
Organization Details
Founding Year
1955
Phone
(202) 531-1398Principal Officer
Mike Joyce
Main Address
3215 PLANE TREE DRIVE, OWINGS, MD, 20736
Website
www.aalafleet.comNTEE Category
Code: S41 - Community improvement
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